Coca Cola Correlations

KO Stock

USD 70.55 1.49 2.16%

The current 90-days correlation between Coca Cola and PepsiCo is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coca Cola moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Coca Cola moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Coca Cola Correlation With Market

Good diversification

The correlation between The Coca Cola and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Coca Cola and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Coca Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in The Coca Cola. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Coca Stock

0.65	KDP	Keurig Dr Pepper	Pair Corr
0.61	PEP	PepsiCo	Pair Corr
0.62	CCEP	Coca Cola Europacific	Pair Corr
0.64	COLA	Coca Cola	Pair Corr
0.61	CCEP	Coca Cola European	Pair Corr
0.76	PBCRY	Bank Central Asia	Pair Corr

Moving against Coca Stock

0.69	300997	HUANLEJIA Food Group	Pair Corr
0.49	LAS-A	Lassonde Industries	Pair Corr
0.45	605388	JuneYao Dairy	Pair Corr
0.62	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.43	COCO	Vita Coco	Pair Corr

Related Correlations Analysis

	PEP	PM	PG	CCEP	KDP	BUD	COKE	UL	MNST	KOF
PEP		-0.01	-0.09	0.27	0.35	0.51	0.39	0.45	0.33	0.11	PEP
PM	-0.01		0.69	0.42	0.58	0.05	-0.73	0.3	-0.61	-0.32	PM
PG	-0.09	0.69		0.19	0.41	-0.11	-0.58	0.6	-0.68	-0.19	PG
CCEP	0.27	0.42	0.19		0.58	0.35	-0.11	0.16	-0.03	0.2	CCEP
KDP	0.35	0.58	0.41	0.58		0.53	-0.35	0.33	-0.46	0.04	KDP
BUD	0.51	0.05	-0.11	0.35	0.53		0.29	0.29	-0.02	0.5	BUD
COKE	0.39	-0.73	-0.58	-0.11	-0.35	0.29		0.13	0.67	0.54	COKE
UL	0.45	0.3	0.6	0.16	0.33	0.29	0.13		-0.32	0.28	UL
MNST	0.33	-0.61	-0.68	-0.03	-0.46	-0.02	0.67	-0.32		0.11	MNST
KOF	0.11	-0.32	-0.19	0.2	0.04	0.5	0.54	0.28	0.11		KOF
	PEP	PM	PG	CCEP	KDP	BUD	COKE	UL	MNST	KOF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PG	+ 0.69	PM
MNST	+ 0.67	COKE
UL	+ 0.6	PG
KDP	+ 0.58	PM
KDP	+ 0.58	CCEP
KOF	+ 0.54	COKE

High negative correlations

COKE	- 0.73	PM
MNST	- 0.68	PG
MNST	- 0.61	PM
COKE	- 0.58	PG
MNST	- 0.46	KDP
COKE	- 0.35	KDP

Risk-Adjusted Indicators

There is a big difference between Coca Stock performing well and Coca Cola Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Coca Cola's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PEP	0.97	0.01	(0.08)	(0.03)	1.13	(1.12)	1.78	(1.70)	6.87
PM	1.17	(0.07)	0.00	0.20	0.00	0.00	2.31	(2.69)	6.25
PG	0.71	(0.08)	0.00	(0.40)	0.00	0.00	1.41	(1.59)	3.62
CCEP	0.99	(0.05)	0.00	(0.14)	0.00	0.00	1.98	(2.43)	5.88
KDP	1.50	(0.46)	0.00	(0.40)	0.00	0.00	2.32	(4.28)	13.51
BUD	0.83	0.03	(0.05)	0.38	0.98	(0.88)	1.55	(1.76)	4.45
COKE	1.08	0.26	0.11	1.01	1.35	(1.12)	2.72	(2.24)	8.54
UL	0.79	0.02	(0.08)	0.37	0.83	(0.91)	1.87	(1.43)	4.15
MNST	1.05	0.23	0.08	(1.02)	1.25	(1.12)	2.48	(2.36)	10.38
KOF	1.26	0.05	0.00	0.20	1.24	(1.49)	3.08	(2.01)	7.04

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